Eurobank eyes Hellenic prize

Greece’s Eurobank is reportedly edging towards a takeover of Hellenic Bank as it prepares to increase its stake in the island’s second-largest lender past 30%. Once it reaches the 30% benchmark, according

Hellenic Bank posts €24.2 mln annual profit

Cyprus’ second-largest lender, Hellenic Bank, posted 2022 full-year net profits of €24.2 mln, a rise of 307% year-on-year. “Despite the challenges caused by the war in Ukraine and the inflationary pressures, we

Eurobank edging towards Hellenic takeover

Eurobank is moving closer to a takeover of the island’s second-largest lender after solidifying its position as Hellenic Bank’s major shareholder acquiring another 3.2%, essentially buying out Senvest Management LLC. Combined with

Hellenic Bank eyes €200 mln profit in 2023

Hellenic Bank has an optimistic strategic plan to generate over €200 mln in pre-tax profits in 2023, driven by changes in interest rates and lower operating costs following the early retirement scheme.

Hellenic’s benched CEO can return

Hellenic Bank’s CEO, Oliver Gatzke, can return to work on Monday following the lifting of the board’s decision to sideline the German after allegations of market abuse. Gatzke could be back at

Eurobank to be Hellenic’s largest shareholder

Eurobank is on its way to becoming Hellenic Bank’s largest shareholder after announcing an initial deal to buy 13.41% of Wargaming’s 20.61% holding for €70 mln. Greece’s Eurobank Cyprus subsidiary announced the